Steven Sarowitz Purchases 132,639 Shares of Angel Studios (NYSE:ANGX) Stock

Angel Studios, Inc. (NYSE:ANGX) Director Steven Sarowitz purchased 132,639 shares of the business’s stock in a transaction dated Wednesday, September 9th. The shares were purchased at an average cost of $4.95 per share, with a total value of $656,563.05. Following the purchase, the director directly owned 884,843 shares in the company, valued at approximately $4,379,972.85. The trade was a 17.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Angel Studios Trading Up 1.2%

Shares of NYSE ANGX opened at $5.45 on Friday. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -5.86 and a beta of -0.02. Angel Studios, Inc. has a 52 week low of $2.05 and a 52 week high of $18.90. The company’s 50-day moving average price is $4.31 and its 200 day moving average price is $3.53.

Angel Studios (NYSE:ANGX) last announced its earnings results on Tuesday, August 4th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. The business had revenue of $111.71 million for the quarter. As a group, research analysts expect that Angel Studios, Inc. will post -0.37 earnings per share for the current year.

Institutional Investors Weigh In On Angel Studios

A number of hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in shares of Angel Studios by 77.0% in the first quarter. EverSource Wealth Advisors LLC now owns 8,718 shares of the company’s stock valued at $27,000 after buying an additional 3,793 shares during the last quarter. OneAscent Financial Services LLC acquired a new stake in Angel Studios during the second quarter worth approximately $41,000. Whitcomb & Hess Inc. purchased a new stake in Angel Studios in the 2nd quarter worth approximately $49,000. Cetera Investment Advisers grew its stake in Angel Studios by 124.0% in the 1st quarter. Cetera Investment Advisers now owns 25,135 shares of the company’s stock worth $77,000 after acquiring an additional 13,915 shares during the period. Finally, AXQ Capital LP acquired a new position in Angel Studios in the 2nd quarter valued at $100,000. 38.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ANGX shares. Wall Street Zen upgraded Angel Studios from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings raised Angel Studios from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 19th. Finally, B. Riley Financial reissued a “buy” rating and issued a $8.00 price target (up from $7.00) on shares of Angel Studios in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $8.50.

Angel Studios Company Profile

Angel Studios, Inc is a media and entertainment company that develops, produces, distributes and licenses film and television content. The company uses a community-driven model through the Angel Guild, whose members help guide content decisions, and focuses on stories intended to “amplify light.” Angel Studios generates revenue from Guild memberships, theatrical releases, content licensing, merchandise, and its Pay It Forward model.

Angel Studios became publicly traded on the New York Stock Exchange under the ticker symbol ANGX in September 2025 following its business combination with Southport Acquisition Corporation, a special purpose acquisition company.